According to Sense Financial Services report over 90 percent of its new accounts established since the beginning of December were self-directed Solo 401 K plans. That is significant increase compared to the last year.

Sense Financial Services is committed to properly educating clients with up to date information regarding which retirement option best meets their investment needs. Their team has dedicated themselves to helping clients understand the important differences between a Solo 401 K plan and other types of retirement accounts and how to decide which retirement plan works best for them.

Investors can become overwhelmed when it comes to choosing which retirement plan is a better fit, especially when it comes to pick between Solo 401 K and a SEP IRA. The slight differences between the two options are often overlooked or missed altogether.

Both, the SEP IRA and Individual or Solo 401 K Plan are designed for small business owners or self-employed, but the Solo 401 K plans are less known. However, it has very powerful features that are not available with any other plan such as high contribution limits, Roth sub-account (tax-free investing) and loan feature. And because of that Sense Financial Services has discovered that Solo 401k plans are continuing to grow in popularity among investors.

They attribute this to several key factors. The Solo 401 K plan allows for larger annual contributions than a SEP IRA due to the way annual contributions are calculated. Also retirement investors enjoy having the option of borrowing against their retirement plan by using the retirement plan’s balance as collateral and receiving an Individual 401k loan. IRS rules and regulations do not allow loans from a SEP IRA, but a Solo 401 K loan of up to half of the plan’s value up to a $ 50,000 maximum is permitted.

Account owners can take advantage of account money from other types of retirement accounts such as IRAs, 401(k)s, 403(b)s, and SEPs by transferring those funds into Solo 401 K Plan and use it towards the purchase of time-sensitive investments such as rental properties, commercial real estate, tax liens, mortgages, loans and so on. They can do all this without the need for a self-directed IRA custodian, and without the burden or addition fees associated with hiring custodian.

Simply stated, Sense Financial Services believes that more successful business owners will continue to switch to the Solo 401 K over the SEP IRA because of the potentially greater retirement contributions at the same income level, which in turns allows them to maximize retirement contributions and valuable tax deductions.

Sense Financial Services is the Californias leading provider of retirement accounts with “Checkbook Control”: Solo 401 K and Checkbook IRA. Over the years they assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval!

Sense Financial Services strives to help all of their customers get ahead financially, whether it’s opening a self-directed retirement account, helping client plan for debt-free living, estate planning or protecting families with life insurance. They frequently hold seminars to introduce their services to the public and give individuals an information filled program about how the attendees can take the right steps towards more secure financial future.

One recent testimonial came from Patrick Prunty, resident of Long Beach in Southern California. A client explains how the team at Sense Financial Services, helped him buy another piece of real estate when he was pretty sure he wouldn’t be able to get another piece of property to add to his portfolio. Lenders had told the client that, due to the poor lending market, the client couldn’t qualify for any new loans. After attending one of the Sense Financial Services seminars, the client learned information which allowed him to pay cash for a piece of investment property using his retirement funds within six weeks of attending the seminar. Of this, the client said, “The information I learned was phenomenal. I learned that I could diversify my retirement portfolio by using funds from my Roth IRA to buy real estate [and that is] exactly what I did.”

Sense Financial team assisted the client in creating a Self Directed IRA LLC in which he put some of his Roth IRA savings. Now he has complete control over the money and can use it to invest in real estate through the LLC. Since he already paid tax on contributions in his Roth IRA, all of the profits and gains including rental income and capital gains will not be taxed. While at this time the funds are tied up in the investment, and not available for him to use personally, this investment vehicle will generate tax-free income for the rest of his life, which he will have access during his retirement years!

Sense Financial is the Californias leading provider of retirement accounts with Checkbook Control: Solo 401k and Checkbook IRA. Over the years they assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval!

The company was founded to assist middle-American families with planning for their future. The concepts they teach and promote are based on proven Biblical principles:

????Get out of debt (The borrower is servant to the lender. Proverbs 22:7)
????Set Goals (Good planning and hard work lead to prosperity Proverbs 21:5)
????Invest for the future (The wise man saves for the future, but the foolish man spends whatever he gets. Proverbs 21:20)
????Diversify your investments (Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth. Ecclesiastes 11:2)

From the years of experience they found that following these time tested principles will lead to financial success. However, violation of these principles will bring financial failure.

On Saturday, October 6 many investors attended the “Diversify Your IRA Out of the Stock Market & Invest in Real Estate” put on by Sense Financial Services LLC in Yorba Linda, CA. During the two and half hour seminar they learned that just two percent of American households own a self-directed IRA – the only way in which people can maintain control of their retirement funds. Participants in the seminar learned how they can take control, seek out investments with goodd track records and fortify their retirement funds. President of Sense Financial, Dmitriy Fomichenko, was the keynote speaker. He demonstrated participants how to move all, or some of their conventional IRA funds into Self-Directed Checkbook IRA s or Solo 401k s so that they can access their retirement funds at any time, make investments, diversify their portfolios, take a loan from their funds, shelter up to $ 55,500 of their income and grow their money tax-deferred.

In a bonus presentation, Marshal Reddick Real Estate Network informed attendees how they can tell a good real estate investment from a bad one. As real estate is a good way in which individuals can earn passive income, the presentation told guests about formulas which they can use to calculate numbers such as their monthly net cash flow, total return on investment and how much money they should put down. They were also given tips on how to research the neighborhood and the property of potential real estate investments.